Shares slip, yen and gold gain as Korea tensions escalate

"The direction in global equities will likely play a major role in the yen's direction today, while the market will also be interested to see what comes of US CPI data".

LONDON, Aug 11 (Reuters) - The dollar was pinned close to an eight-week low against the yen on Friday as escalating tension over North Korea dominated currency markets thinned out by the summer holidays in Europe and the United States.

U.S. President Donald Trump issued a new verbal warning to Pyongyang on Thursday, saying that his previous promise to unleash "fire and fury" may not have been strong enough after North Korea responded with a threat to land a missile near the U.S. Pacific territory of Guam. Tensions have been rising in the Korean Peninsula, and reached a new level with President Trump's "threat" of "fire and fury" against North Korea if they should proceed with a missile strike against Guam, a U.S. territory located in the Pacific.

Overnight, MSCI's broadest index of Asia-Pacific shares outside Japan had skidded 1.55 percent, its biggest one-day loss since mid-December, to leave it down 2.5 percent for the week. Pacific territory, which has a large USA military base.

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Wenger has insisted several times that Sanchez will not be sold, and he's now with Sky Bet to remain with the Gunners. It can happen in pre-season and anyway, I don't think I would have included him on Friday night.

Macy's tumbled 10.2 percent after the company said its sales continued to decline in the second quarter. South Korea's Kospi fell 0.5 percent. Broadcom gave up $5.72, or 2.3 percent, to $243.45.

Shortly after the start of trading, the Commerce Department is scheduled to release its report on wholesale inventories in the month of June.

"More likely than anything else, the price action was a function of an overextended USA equity market that has been in need for a healthy correction off record highs", LMAX Exchange analysts said in a morning note. The Dow edged down 33.08 points or 0.2 percent to 22,085.34, the Nasdaq dipped 13.31 points or 0.2 percent to 6,370.46 and the S&P 500 slipped 5.99 points or 0.2 percent to 2,474.92.

Shares of Snap (SNAP.N) ended down 14 percent after hitting a record low following a miss on revenue and daily active users. The euro slid 0.6 percent to 128.92 yen, and fell 0.1 percent against the dollar to $1.1735.

While the data gave investors appetite for growth sectors such as information technology and biotechnology it soured them to rate-sensitive stocks such as banks, said Keith Lerner, Chief Market Strategist, SunTrust Advisory services in Atlanta.

The major European markets have also shown notable moves to the downside on the day.

In commodities trading, crude oil futures are rising $0.36 to $49.53 a barrel after slipping $0.22 to $49.17 a barrel on Tuesday.

The Japanese yen hit an eight-week high against the United States dollar, while spot gold also reached a two-month high.

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"A combination of softer euro zone economic data, solid US reports and market positioning all resulted in a markedly heavier tone for the single currency", Omer Esiner, chief market analyst at Commonwealth Foreign Exchange in Washington, said in a note.

If you think about Antonio Conte , Pep Guardiola , Jurgen Klopp and Mourinho - it is a very good championship now. Manchester City boss Pep Guardiola outlines his long-term vision for the club as he enters his second season.

Asmir Begovic did well on two occasions to match the Baggies forward, keeping the game goalless inside the opening 15 minutes. West Bromwich Albion manager Tony Pulis says that the club are on the verge of bringing in up to five new players.

It was as the athletics program began in Brazil a year ago that Pearson chose to coach herself which proved to be a masterstroke. "I have just been lucky enough to see the whole journey and all the struggles she has gone through behind the scenes".

But if the rest of the Premier League season is half as good as what we saw today, we're going to be in for a very special season. Two late goals from Aaron Ramsey and Olivier Giroud , brought the Gunners back from a one-goal deficit in the final 10 minutes.

Following trading activity for Uniti Group Inc.(:UNIT), we can see that the stock has moved onto today's list of most actives. Barrington Strategic Wealth Management Grp Limited Liability Company holds 17,773 shares or 0.98% of its portfolio.

USA equities edged higher on Friday as investors weighed tensions between the US and North Korea heading into the weekend. The Nasdaq and the S&P 500 are rebounding after ending Thursday's trading at their lowest closing levels in a month.

Brighton , on the other hand, managed to secure a return to the top flight and will compete after an absence of 25 years. Manchester City has spent £200 million so far in the window and Guardiola admits it is not sustainable.

It added the deadline for receiving the document was midnight local time. "We want him in the squad, and in the starting XI". FFF president Noel Le Graet had earlier stated his confidence that Neymar would be able to make his bow in Brittany .

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S&P closes barely lower despite N. Korea tensions
Stocks saw some strength during trading on Friday, regaining ground following the sell-off seen in the previous session. Most Americans are hoping the tough talk from President Trump and North Korean leader Kim Jong Un is just that.